Google (GOOG) Offering Possible 13.64% Return Over the Next 9 Calendar Days

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Google’s most recent trend suggests a bearish bias. One trading opportunity on Google is a Bear Call Spread using a strike $1025.00 short call and a strike $1035.00 long call offers a potential 13.64% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1025.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $8.80 would be incurred if the stock rose above the $1035.00 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Google is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Google is bearish.

The RSI indicator is at 33.87 level which suggests that the stock is neither overbought nor oversold at this time.

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